pushing our t.v. here's a look at the top stories british activists mark us in a day with protests demanding the closure of an american spy base in england which is due to be part of a star wars type missile shield they're concerned it's a step towards a self-serving american military zation of space. jam are dropped down the border barriers again with customs chants designed to tackle drug smuggling and illegal immigration but it's angered e.u. colleagues who say violates the cornerstone of european unity. and levy and officials say the arms embargo has been breached again as both from qatar carrying

weapons for the rebels are reportedly intercepted so far france is the only nation to admit supplying arms to take it off the forces. we have lights next while bailout cash is to flow again to greece averting bankruptcy in return for stiffest already cuts the shop waifs from the country's huge economic problems could yet reach the u.s. find out why and the kaiser report that's next here on our. side of this is the reports i'm sure reveal to you. secret global finance it's not about stuff but the acropolis being sold it's about securitizing the acropolis so it can be traded. all the debt held by the bankers will be paid

off from trading commissions but before you can do that you have to turn everything into a security oh we'll explain the whole thing anyway stacie ever what's happening well max yes so over the past week as greece has been. have austerity measures forced on the greeks we have also seen this headline max debt leaving greece finds no buyers and fire sale of national assets so apparently representatives of the greek government all this protest were going on in the streets of athens they were in london at claridge's hotel looking to sell off fifty billion euros worth of income producing assets up for sale were thirty nine airports eight hundred fifty ports railways motorways sewage works a couple of energy companies banks defense groups thousands of acres of land for development casinos increases national lottery apparently they found no buyers no they won't find any buyers this is the experience that the american indian had with

the u.s. army the u.s. army came of crawling across the western plains of america and they gave the american indians exactly nothing for the land and the concept of actually owning the land was completely alien to the indians the idea of owning the grand canyon for example was a concept that was completely alien to their culture similarly in greece the idea of securitizing in trading the acropolis is an alien concept they don't understand it they're being slaughtered by this army of banks toure's who are going to securitize everything and all the commissions from trading all of this of course will be done off balance sheet in the in the shadow banking system in the dark pools will get nothing they'll get absolutely nothing. but the other thing about this is remember you're dealing with con men bank stress here so are these private

equity alleged private equity dealers who met with greek government officials are they just straw man and some sort of con are they acting as like market makers you know how you often see this and in america is that the the market makers don't appear for especially in the commodities market in gold or silver and they let the price collapse in order to then scoop it up at a very good deal for them and then sell it back at a higher price i mean to use lie indian metaphor there the sioux indian and other tribes are still waiting for the u.s. to make good on various treaties that were signed three hundred years ago two hundred years ago one hundred years ago that's not worth anything the paper that these traders are written on if you think you're going to get anything in exchange for your assets from the banks that are rolling across the fed of plantations of greece you've got another government and the fed and she's plantations i've never

seen one as a grown on a plantation right it's not a race credit but one of the things that was pointed out by one of these private equity bankers is he said there was a lack of transparency again this is caused by goldman sachs has hidden all of the everything assets debt everything off balance sheet nobody knows there is no crisis coverage possible anymore thanks to goldman sachs and j.p. morgan well there will be once they securitize everything right now the acropolis has a value on the greek books of zero and now when goldman sachs comes in and they take control of the acropolis and they create a security based on the acropolis and acropolis back securitization program it'll have a value on the global markets but it'll be traded off balance sheet in the dark exchange rates will have any access to it but the international bankers will be throwing it back and forth and they'll be borrowing against it that's the key thing all these so-called austerity measures are a way for go. and sachs to securitize great assets to lay another two three four

hundred billion in debt on top of the five hundred billion and so you've said many times that after greece and the rest of europe america will come become the next victim of the i.m.f. are now taunting the u.s. the i.m.f. a solid in the same exact plan that they enacted against europe economic crisis in greece could reach the united states i.m.f. warns so first they're saying the money markets banks may spread the contagion according to officials so if something happens to greece they're saying that it could spread to the u.s. i.e. u.s. taxpayer give us all your money for the i.m.f. to bail out the greek creditors oh yeah it definitely coming into the u.s. because some countries don't was brazil kicked the i.m.f. out the economy was booming yeah the same situation around egypt they're saying no i.m.f. loans no world bank we don't want the terrorists we don't want the financial terrorists

the market fundamentalist the banker jihadi on wall street we don't want them stinking suicide bankers like lloyd blankfein blow himself up here in egypt but in america sense they are basically idol worshippers of pop idol worshippers of lloyd blankfein a merry band of derivatives fraudulent counterfeiters speaking of pop idol there is the pop idolisation going on of j.p. morgan which is the biggest of the banks her occupiers them in the world and they have this former beauty queen who's now a j.p. morgan executive and i see all of the financial blogs posting photos of her and it's actually in the u.k. press as well this this hot babe who is this banker so that's the sort of thing they're trying to create the sort of war shipping of the lot lindsay lohan sort of things of the people of the world because look a lot of these celebrities who are worshiped via twitter and the rupert murdoch's tabloids. they get away with all sorts of stuff because people worship them so when

if j.p. morgan can start creating some lindsay lohan type bankers who people will just forgive all how about lloyd blankfein the male unicorn with is probing antler elf eason's well you know the i.m.f. never has just one prong to tax the unicorn they go multi-pronged i.m.f. urges us to raise is growing limit or risk defaulting on debt but warns that u.s. debt burden is unsustainable in long term so i guess i think you know the u.s. needs to raise this debt ceiling or else it technically defaults and the i.m.f. is saying that you have to raise the debt ceiling but your debt is unsustainable. because the i.m.f. international monetary fund world bank the united nations they're running the show no barack obama is just basically dancing to the i.m.f.

tuning well as we see all governments have to remember puppet radio in in greece he was elected on a very specific platform of tossing these guys out within days he was you know swapping the credit default swaps that were worth tens of billions of dollars he's giving them to buddies and people in secret bankers who you know you know speaking of the swap that you just mentioned see his cronies rape their country for twenty billion based on that insider deal or the false well put the postal. i go to contact a former journalist at harper's for their website in america i gave them the facts of the story and then publish it harper's came back to the writer and said this story is too one sided against the u.s. . and this is just a straight up and down depiction of the facts so america you need to open your mind a little bit in the us you want to be on a you get on the reservation on ship some said many times the i.m.f. is after the us next s. and p. will slash america from aaa to d.

if the treasury misses a payment so this goes exactly within a few minutes of the i.m.f. saying the us better raise this debt ceiling or they're in trouble well the s. and p. one of the rating agencies who work hand in hand with these international banks tourist the managing director john chambers spoke to reuters and he said quote if the u.s. government misses a payment it goes to d. he says this is known as the selective default that paper that is maturing on august fourth will go to di di di di di that's lower than triple c. and that's what they say greece is worth triple saying well why doesn't the greek government come out with a ratings report saying america's that's what the dig there for sell your american debt you need a place to put the cash by greek debt and we'll give you a play all the options on the acropolis ourselves you don't need it i know it's a good point for the gold and sell the acropolis near dad or some of the smaller problem but its own chambers also noted a default on u.s.

treasuries a benchmark against which all other debt is measured would dwarf any worries about u.s. credit ratings as global markets would crumble they're pulling out this old canard oh the markets will crumble the world as we know it will and oh it's all over it give us all your money yeah well of course as part of that they've learned to put a gun to the head of folks and say it's a hijacking like hank paulson did i mean times can this work is like over and over and over they need to hire somebody from hollywood to get a different scriptwriter because this is boring you know look at every single poster for every single movie that comes out of every single scene or in every single country it's a guy holding a gun it never stops people see are always trumps faith best. the way of the world if you can scare somebody into giving you their money it's a lot easier than convincing somebody to invest their money and speaking of hollywood though america was americans were sold on these wars and across the middle east as you know some big video game sort of film like shock and awe well

cost of war iraq afghan war is near four trillion dollars says study so again the costs keep on going out americans going to parent lee understand how much they're paying for it those same americans who are sitting there debating saying all the i.m.f. is going to be bailing out these greeks who retire at fifty three years old well what about when we have to bail out the americans who can't stop wars and bombing people all over the world is that any better like i'd rather pay some guy to retire at fifty three than to go murder a million people somewhere else whom it never heard of doesn't understand us or isn't the energy and food prices are going up so what do you do about these people other than put them on reservations and then finally tying this all back to bankers and the afghan war american choice of plundering their future income afghan banker i have evidence of death plot this is abdul qadeer fit rat the former governor of the afghan central bank and he's fled afghanistan is now in washington hiding out

and he's saying that there's a death plot against him and that's why he had to flee but listen to this through ratz comments come just hours after afghanistan's deputy attorney general said that fit rat and other officials at the central bank faced prosecution for not acting on warnings about widespread corruption at kabul bank so the corruption until bankers get safe haven in washington d.c. under bernanke. bernanke he's banking criminal protection program. and meanwhile back in full the american people are killing folks willy nilly well yes you could say that ben bernanke in the us is to financial terrorists what the. taliban was to islamic terrorists. stacey ever thanks for being on the kaiser report. back with much more so stick right there.

mission three couldn't take three. or three. months three. three. three. three broadcast quality video for your media project a free media party. from feinstein. t.v. dot com.

welcome back to the kaiser report time now to go to lovely beaches outside of athens greece to top of the economist a professor yes vera fake yanis walk on the kaiser report thank you for having me. more austerity measures for greece from the news footage it appears the population doesn't like the plan but what about economists like yourself do you like a plan i think this is one of those occasions where the crowds collectively shows more rationality that. the greater good of the european union and the police makers and all the analysts who are supporting what's in my estimation is a highly irrational totally see for dealing with this is the. well you got two basic approaches to the various crises around the world there's the austerity and tax approach and then there's the let's print money and company by bailouts and

work programs that we've seen in the u.s. . neither approach seems to work as it well and we're a lot better in the united states and it works in europe even though the united states is so few not out of the woods imagine what the situation would have been with. quantitative easing open today europe falls somewhere in between the two alternatives difficult forwards and the reason is that the user has a particularly nasty problem with the very design of its architecture that neither britain noons of the united states. right exactly there's an interesting. historical precedent here with the introduction of the euro which is the greece can devalue against other currencies because it's locked into the year out and it's basically going head to head economically speaking with germany i see

germany as just announced fantastic results with their economy in part because they benefit from the lower year out because are tied to greece so germany is getting a benefit from their troubles and grace in ways that a lot of people are talking about why why not why shouldn't germany just leave the euro so that they then are competing with china and america on a on a more paraphrase soup basis instead of dragging greece into the gutter as germany is doing because of germany leaves the year with a little miracle that you described is going to go up in a puff of smoke within twenty four hours if they were to be constituted which mark . to market to buy you buy fifty sixty one hundred percent and it would lose their chinese markets and the only thing that keeps germany going alone screaming be at the moment is the chinese market i want to just take the so high level for a second here and pick your brain as an economist because you mentioned comparing

the u.s. and europe and why quantitative easing. perhaps was a better way to approach the crisis however in the u.s. seems like all they did was buy some time they bought maybe two or two and a half years worth of time and now s. and p. talking about downgrading u.s. debt to d. which would make it even less attractive then the current rating on greek debt of triple c. it does the same as either approach really makes any sense because what we're talking about here is more of a systemic problem the banks have systemically corrupted the system in ways where they make all the money and everyone else suffers all the losses is that a fair characterization absolutely. i have. offered a few photos basing that just like in one thousand nine hundred run socialism. could gust in two thousand and eight and we saw the end of capitalism it sounds if you can stream to seriously believe that this is with sandy what happened we don't

want it happened so now we wonder why go bankrupt the crissy it's all the same as bankruptcy is not ruled by banks it's through by bankrupt banks the greater the failure. in two thousand and eight and in europe today. it's power to set the agenda it's a very strange regime under which defies the traditional left versus right arguments of free markets versus. collective action or central programming now we have a situation where the more you have failed to do most of your inability to generate profits then the power you have over those who do all right well it's based on that scenario the profits being made by the so called to big to fail banks for years to deregulate or to dismantle free market capitalism and they instituted a command and control financial autocracy in its place so it's

a failure once again. command and control that we saw in one nine hundred ninety one as you describe it it's a repeat of ninety nine he want to say it's a failure of the polar bureau of the federal reserve bank and other central bankers . but looking at greece for a second they of course through a seven year period of history experienced military dictatorship under the hunter it is a really much difference between the junta and the troika. it's funny you should ask me this yesterday i was talking to an old man who had thought as a partisan during the since against the nazis in the night in foods and he stunned me with a question and said wrote imagine the germans had one man why would it be because from now. the position that people drew was not with the who was with the period of completion and announces he's and then and iris i asked him to continue along that

line of thinking and he said look if it's so great we would have a commissioner for on. handing things in greece i don't want to go as far as he was going but this is came from the parties and i have to say that i was stuck for words for at least ten seconds before i could conjure up enough strength to suggest that perhaps life would have been worse. or a mansion nazi occupation during all the arts part of that story of course was the nazis taking much of greece's gold gold in greece now amounts to one hundred eleven tons of gall and i've asked this question to few people. you know the history and the economics of greece well what i do have an estimate about how much call germany from greece during that occupation trade of world war two it's more than just a question of gold you have to remember that during the occupation the german

authorities extract at the massively. new verdict comes from the coffers of the greek banking system or the occupied banking system if you combine the gold we've got loan you will come to figure which in today's prices is more than five hundred sixty billion years. of course the question is what is this gold mean is these legally enforceable well ok well let me let me just interject there for a second because you're saying ok the agreements between that were made have been abrogated they don't exist anymore but here you have a george pappa dress government signing off on the memorandum what the i.m.f. a foreign banking institution giving them rights above and beyond the greek constitution they are going to take wreak skull decreases golf as part of the debts that they have a post on grace it's the same deal as you just described to me that the nazis did they think they loaded greece of the budget debt then they they think they raped

greece now the i.m.f. is loaded with a lot a lot of debt and they're going to economically rape greece they're going to take the gold they're going to securitize a lot of ties and trade all the security so how is this different and why should they were why why not why respect this memorandum this memorandum as was cooked up by papyrus and and under that we can only describe it as treasonous i give you you know what i would never respect and went on to before i had the choice of not expecting and it is quite one thing to say i did not respect i do not accept. those that one needs quite another to go to germany and to go into staking one for these for that you need quite my beyond. i think it's a good reason since in every business conversation on this on this matter but let me let me try to imprint my view regarding the i and its position and the european union's position is everybody's i wish that i could agree with you to pieces a conspiracy to loot greece it is not and i said. because if it where

conspiracy it would mean that it would be somewhere i'm in some reasons and some logic behind where you'll be in the me i am never doing in greece you see i don't believe there is an object and i don't believe there is a plan and i don't think there is any over arching object that i think what is happening is this a uterus system was hit particularly hard by that a financial crisis and the credit crunch of two thousand and eight it started under rather than our european leaders are at a loss to know what they got to do with it so they they do their own the only don't think they know and that is to apply sticky tape in order to keep together. an edifice and i can picture which is disintegrating this ticket is very expensive it comes in the form of huge loans the loans come to greece they have to throw some bones to their own parliaments in berlin for instance and to explain writing these loans are going to greece and these are groups come in the form of public acid

sales and right with a station then the doing it because they want to get something out of greece and they're doing it in a state of panic and in a way that ensures minimum resistance to these huge loans to greece in the berlin parliament and why these huge loans to greece simply because they bay much we're human i'm not moving in the french banks which we need to be explosion of the spanish that situation and then do a complete collapse of the euro and then that it was a fusion of a dutch market will introduce a huge new recession in germany now a great politicians run london recently trying to sell great gas that far knock down prices how does selling off income producing assets restore the lots are economic viability of grace it doesn't at all i mean don't you just really a very brief example take a state local or international law that will grace it produces four hundred million euros of dividends a year from the greek state and they're now going to try to sell for nine hundred million now this is purging on a creaming

a neg. since the so why are they doing well firstly because they're being told to do it and then the question of course goes way over people who told to do it because mrs merkel wants to throw some bones to her members of parliament saying look the greeks are reading shooting themselves in themselves in the foot they can be killed then let's extend those lines but in reality it was mrs merkel is he's doing she's misleading her parliament in precisely the same way that this is going on that is we see these problems because this money's not ok to use this money for the french and the german banks and of for saving the banking system not saving but preventing another collapse of the banking system all right well finally of course we're talking here you're actually sitting on a greek island how much do you want for it how much do you want for your children. yes well that sounds very impassioned but as we know it is more all sad no place than today's global economy morals don't trade on any exchange therefore morals

don't exist so it's just everyone's got their price and so they globalized economy so out there is it that when they are a little less passionate maybe next week but let me answer this question in a dispassionate way i was talking to investors from switzerland and germany who really wanted to get their hands on going to gas and they said to me off to the goings on the last few days that they will withdraw from the from the competition to get these assets and they will withdraw because they can sense the passion that you mentioned and it's not want to be involved in assets whose legitimacy of the program and the cost of all of them would be questioned by a very passionate people we not allow islands and profit and coastlines to be traded in exchange of rocks in exchange of bones that will be cared for and you can fold anywhere there the possibility is that they're seeking a cheaper price all right that's going to do it yes vera fake us thanks so much for

being on the kaiser report. thank you and that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert and i thank my guests yanis verify take us if you want to send me an e-mail placed as well at kaiser report at r.t. t.v. that argue until the time that the nice guys are saying via the be.